Thai shares may fall, wary ahead of GDP revision

BANGKOK, March 25 (Reuters) - Thai shares are likely to
fall on Wednesday after Wall Street dropped as investors booked
profits amid questions over how the U.S. government's plan to
spend up to $1 trillion to buy toxic bank assets would turn
out.

The Dow Jones industrial average .DJI fell 1.5 percent
and Nasdaq .IXIC 2.4 percent as investors paused to reassess
the likely success of the U.S. government's latest plan to
clean up bank balance sheets and revive the financial system.
[nN24363429]

In Bangkok, investors would remain wary over economic
growth, with the Finance Ministry due to review 2009 growth
forecasts around 0530 GMT.

"We'll probably see some short-term consolidation in the
market driven by the fall in the U.S. last night. The
window-dressing period is coming to an end and people are still
worried about what's going to happen with the economy," said
Chai Chirasevenupraphund, a strategist at Capital Nomura
Securities.

Chai said an anti-government rally on Thursday would be
among the factors to watch but any street violence was
unlikely.

Ousted former Prime Minister Thaksin Shinawatra's
supporters in the United Front for Democracy against
Dictatorship (UDD) say they will besiege Government House in a
bid to force Prime Minister Abhisit Vejjajiva to resign.

Resistance on the main index .SETI is expected at 445-450
and support at 430-433, Chai added.

On Tuesday, the benchmark SET index ended flat at 438.16,
coming off a 2 percent rise a day earlier. Foreigners, however,
continued to buy shares, taking a net 1.3 billion baht ($32.5
million), their eighth straight day of net buying.

Click [TH/TRADING01] for cumulative trading value by
investor type.
----------------------MARKET SNAPSHOT @ 0211 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 806.12 -2.04% -16.800
USD/JPY JPY= 97.82 -0.11% -0.110
10-YR US TSY YLD US10YT=RR 2.6919 -- -0.014
SPOT GOLD XAU= 928.7 0.33% 3.050
US CRUDE CLc1 53.34 -1.19% -0.630
DOW JONES .DJI 7659.97 -1.49% -115.89
ASIA ADRS .BKAS 90.16 -3.07% -2.86
-------------------------------------------------------------
MARKET SUMMARY > Wall St slides as investors reassess govt
bank plan [.N] > UPDATE 7-Oil up slightly, dealers await US
stocks data[O/R] > FOREX-Yen rises vs euro, focus on risk
appetite [USD/] > U.S. 30-year debt rockets on Fed's
buying plan [US/] > PRECIOUS-Gold falls as dollar rises;
fund's holdings dip[GOL/]

STOCKS AND FACTORS TO WATCH

- Thailand's finance minister warned that the economy could
contract sharply and millions would be jobless if parliament
did not approve government plans to seek $2 billion in foreign
loans. [nBKK101318]

- SVI PCL SVI.BK

The provider of electronics manufacturing services said its
production could fall to 60-65 percent of capacity this year
because of weak demand in the global electronics sector.
[nBKK464584]

- Siam Cement PCL SCC.BK

Top industrial conglomerate said it was delaying a plan to
build a $3.77 billion petrochemical complex in Vietnam for at
least two years. [nBKK462476]

- For the Thai press digest click on [PRESS/TH]

- For Thailand's IPO diary click on <TH/IPOMENU>

- For Thailand's stock exchange news click on [TH-SET]

- For Thailand corporate earnings: [TH-RES-RTRS]

- For Thailand economic forecast: [POLL-ECI-TH-RTRS]
($1=40.0 Baht)
(Reporting by Ploy Chitsomboon; Editing by Alan Raybould)